[ad_1]
The head of the German central bank was invited as a guest at a cabinet meeting on July 6. (1965) – Frankfurt am Main, July 15 (TASR) – The head of the German central bank Jens Weidmann has warned the government in Berlin against the growing risk of economic collapse. The economic newspaper Handelsblatt said, referring to government sources.
According to these sources who did not want to be named, Weidmann was invited as a guest to a cabinet meeting on July 6th.
Handelsblatt released a report after the central bank of the Bundesbank depreciated Germany's economic growth forecast last year.
In June, the Bundesbank predicts the biggest European economy this year with a growth of 2%, a significant deterioration compared to the expected growth of 2.5%
Weidmann also said that the government should intervene with a slowdown in the economy because it would take a long time for the European Central Bank to normalize its monetary policy (after a massive stimulus program) to act
